London house price growth slows, but you’ll still need over £1m to live in Camden, Kensington or Westminster March 20, 2023 The price of the average London home stood at £680,806, according to online estate agent Rightmove, which found that house prices in the capital rose 2.5 per cent compared to three per cent in Britain as a whole in the last 12 months. When looked at borough-by-borough, property prices fared differently. So while Camden residents [...]
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Looking for a property investment that combines city living with green space? CityGreens might be the perfect choice March 20, 2023 | Sponsored Now more than ever, finding a property investment opportunity in the best location and with the strongest prospects for future growth is crucial. While some investors prefer to go it alone, working with a property investment consultancy that stays one step ahead of the market and can guide you towards the optimum opportunity for your [...]
Crash? What crash? House prices defy gravity though London lags slightly March 20, 2023 House prices continues to defy expectations with a steady recovery this month that has seen the average property coming onto the market increase by £3,000. Asking prices for new sellers do still remain £5,800 below their peak in October 2022. London’s average asking price fell by 0.1 per cent in March, leaving the average price [...]
Home REIT extends takeover deadline as lawyers accuse firm of trying to ‘bypass accountability’ March 16, 2023 Beleaguered social housing investor Home REIT said it would extend the ‘put-up or shut-up’ deadline for a takeover this morning as discussions with potential suitor Bluestar “remain ongoing”.
London rents: Why homeowners are £3,000 better off than tenants in the capital every year March 15, 2023 London homeowners are a hefty £3,000 better off than those who rent, however the price to secure a deposit in the capital has soared to new highs due to inflation and a limited pool of supply. According to data by Halifax, those lucky enough to have a place to call their own in the capital [...]
Truss mini budget chaos blamed for fall in mortgage lending, as value of new home loans dips and arrears rise March 14, 2023 A slump in mortgage lending during the last quarter of 2022 has been blamed on the aftermath of the Truss mini-budget, as the level of arrears crept up for the first time in nearly two years. Figures released by the Financial Conduct Authority (FCA) show the value of new mortgage commitments fell 33.5 per cent [...]
Square Mile embraces hybrid working and tourism as post pandemic planning applications soar 30 per cent March 14, 2023 The Square Mile experienced a 30 per cent spike in planning applications during the pandemic, as investor confidence return to the City of London. The Museum of London, and new HQs for the City’s police and law firm Hogan Lovells were among the 56 applications submitted between 2020 and 2022, it has been revealed. The [...]
CANNES-DO SPIRIT: London councils head to MIPIM to pitch for sustainable investment March 13, 2023 London councillors are jetting off to the French Riviera in the search of sustainable investors willing to pump eco-friendly funds into the capital. A flurry of prominent London property figures are set to attend MIPIM, the enormous property conference which takes place in Cannes this week, in a bid to entice major foreign investors to [...]
If you can’t afford your mortgage: What the FCA’s lender guidance means for borrowers March 10, 2023 Successive interest rate rises are increasing mortgage costs for millions of borrowers, according to both regulators, lenders and advisers. One of the main City watchdog shas estimated an extra 356,000 mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind. The Financial Conduct Authority has issued final [...]